Get an advance on your client invoices without waiting for the due date. ACPR-licensed, response within 24h, no commitment.
Due in 45 days. The receivable exists, the cash isn't there yet.
Instant transfer, funded directly by Defacto. No bank credit line used.
At the normal due date, under the usual terms.
Invoice discounting is an operation that lets a business receive payment for a client invoice before its due date, by assigning it to a third-party financer in exchange for an immediate payment, minus fees. It's also referred to as commercial discounting or receivables discounting depending on the context.
Arranged with a bank or lending institution, governed by a standard application file and an annual ceiling.
Granted directly by the client in exchange for early payment, with a discount usually between 2 and 5%.
Receivables financing follows the same principle as discounting: get cash before the due date, invoice by invoice, without the constraints of the traditional banking process.
A cash flow gap between issuing an invoice and getting paid for it can block an entire operating cycle. Waiting 30, 45 or 60 days to get paid while expenses fall due every month: that's the situation that pushes an SMB to look for a discounting solution.
The problem with traditional bank discounting: a long application process, guarantees required, a ceiling set by the bank and often lowered in tight periods.
Defacto doesn't operate under the legal term discounting. What we offer is called receivables financing: the same result (cash before the due date), invoice by invoice, with no portfolio commitment.
Link your invoicing tool or account in a few clicks
Choose the invoice or invoices to finance
Receive the funds within 24h, funded directly by Defacto
Your client pays at the normal due date, with no impact on the business relationship
The same need, two ways to handle it.
Commercial discounting and bank discounting are often confused. The first is negotiated between two businesses, the second goes through a financial institution. Defacto receivables financing belongs to this second family, built to move faster than a traditional bank.
The discount rate is the cost of the operation, expressed as a percentage of the invoice amount. It depends on three factors.
The amount to be financed sets the calculation base for the operation.
The shorter the remaining term, the shorter the financed period.
It's the profile of the invoice's payer that's assessed, not the one financing it.
The rate is calculated invoice by invoice, whereas traditional bank discounting sets a single rate once a year for all operations. Each invoice therefore has its own cost, so you only finance what's necessary. The rate is shown during the eligibility check, before any commitment.
Businesses invoicing at 30, 45 or 60 days who want to absorb the gap between invoicing and payment without waiting for the due date.
Working capital needs grow with activity. Discounting avoids tying up a traditional credit line to finance that growth.
Receivables financing doesn't depend on an annual bank ceiling. Each invoice is assessed independently.
Discounting covers a single invoice. Factoring covers the entire accounts receivable ledger, on an ongoing, contractual basis. Defacto receivables financing follows the same logic as discounting, invoice by invoice with no commitment, with the speed of execution of modern factoring. For a cash need wider than mobilising your invoices, Treasury Flex opens a line available on demand.
Find out how much you can unlock from your outstanding invoices, with no commitment.
Response within 24h, ACPR-licensed, no commitment.
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